Petroleum Development Act 1974

Petronas is vested with the entire ownership in and the exclusive rights powers liberties and privileges in respect of.

Petroleum development act 1974. The oil industry development act 1974 no. Petroleum development act 1974 no. Except amendment 1975 paragraph 2 c s 3 and 5. In 1974 the petroleum development act was tabled in parliament and approved.

47 of 1974 26 september 1974 an act to provide for the establishment of a board for the development of oil industry and for that purpose to levy a duty of excise on crude oil and natural gas and for matters connected therewith. The petroleum development act 1974 is an act to provide for the exploration and exploitation of oil and gas resources by petronas. Initially exxon and shell refused to surrender their concessions and refused to negotiate with petronas. 01 05 1975 act 160 malaysian currency 29 08 1975 ringgit act 1975 act a382 petroleum development 01 05 1975.

01 10 1974 act a613 petroleum development 01 10 1974 amendment act 1985. With the exception of 1977 s. The executive decision taken by the sarawak government at that time and the entire petroleum development act 1974 law passed in parliament can have no constitutional or legal effect without the. Except amendment 1975 paragraph 2 c s.

1 the entire ownership in and the exclusive rights powers liberties and privileges of exploring exploiting winning and obtaining petroleum whether onshore or offshore of malaysia shall be vested in a corporation to be incorporated under the companies act. This act may be cited as the petroleum development act 1974. Petronas was incorporated on 17 august 1974 and tengku razaleigh became its inaugural chairman. Petroleum development 13 laws of malaysia act 144 petroleum development act 1974 list amendment law short title of the act into force amend the a290 act petroluem refineries 01 10 1974.

Country territory malaysia document type legislation date 1974 source fao faolex long title an act to provide for exploration and exploitation of petroleum whether onshore or offshore by a corporation in which will be vested the entire ownership in and the exclusive rights powers liberties and. The petroleum development act 1974 requires person s engaging in any activity to refine crude petroleum to produce petroleum petrochemical products and to process natural gas to obtain a permit. Petroleum development act 1974 and shall come into force on such date as the prime minister may notify in the gazette. Except amendment act 1977 s 4.

3 and 5 01 05 1975 act 160 currency act 29 08 1975 dollars 1975 a382 petroleum development act act 01 05 1975.